Two thirds of small and medium businesses point to cash use as being key to the UK’s post lockdown recovery, even as one in five people report still being unable to pay with notes and coins. Consumer association Which? is taking action to resolve this conflict and preserve cash for the benefit of all.
A Post Office survey of 500 small and medium businesses uncovered strong support for cash use, with 66 percent looking to cash to aid the nation’s economic recovery. This is backed up by their separate consumer research, in which a third of people said that without cash they would be less likely to shop in their local community, putting smaller businesses already struggling after lockdowns at high risk. A quarter of businesses said they would struggle to operate without cash.
